Which of the Following Statements Are True About Inventory Accuracy

question 26

Multiple Choice

Which of the following statements are true about inventory accuracy?
I. Inventory accuracy is essential for planning.
II. It is important to find the cause of record error.
III. Periodic audits of inventory will find the cause of record error.

• A) all the above
• B) I and II
• C) I and III
• D) II and III
• E) none of the above.

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Definitions:

Cognitive

Pertaining to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Illogical Thinking

A thought process involving reasoning that is inconsistent with standard logic, often resulting in erroneous conclusions or perceptions.

Abnormal Behavior

Actions, thoughts, or feelings outside the societal norm that impair an individual's functioning.

Generalized Anxiety Disorder

A chronic condition characterized by excessive, uncontrollable worry about a wide range of topics, not limited to specific situations.